TORONTO, June 1, 2021 /CNW/ – This information launch is issued by JPG Investments Inc. (“JPG“) pursuant to the early warning necessities of Canada’s Nationwide Instrument 62-104 and Nationwide Instrument 62-103 with respect to frequent shares (the “Frequent Shares“) of Playmaker Capital Inc. (previously Apolo III Acquisition Corp.) (the “Issuer“).
JPG pronounces that it has acquired Frequent Shares in reference to the reverse-takeover (the “Reverse Takeover“) of the Issuer by Playmaker Capital Inc. (“Previous Playmaker“), which was accomplished on Could 31, 2021. Pursuant to the Reverse Takeover, Previous Playmaker amalgamated with a wholly-owned subsidiary of the Issuer and the shareholders of Previous Playmaker grew to become the shareholders of the Issuer. In reference to the Reverse Takeover, the Issuer modified its title to “Playmaker Capital Inc.”. The Reverse Takeover was authorized by shareholders of the Issuer at a particular assembly held on Could 26, 2021. Pursuant to the Reverse Takeover, JPG was issued 26,569,781 Frequent Shares. JPG acquired every Frequent Share in trade for one (1) frequent share of Previous Playmaker (the “Previous Playmaker Shares“), after making an allowance for the consolidation (the “Consolidation“) of Previous Playmaker Shares at a ratio of two.5 pre-Consolidation Previous Playmaker Shares to 1 (1) post-Consolidation Previous Playmaker Share. The Consolidation occurred instantly previous to the Reverse Takeover and the acquisition of the Frequent Shares by JPG.
Upon completion of the Reverse Takeover, JPG acquired helpful possession and management over 26,569,781 Frequent Shares, representing roughly 15% of the issued and excellent Frequent Shares on a non-diluted foundation, and 14.3% of the issued and excellent Frequent Shares on a fully-diluted foundation.
JPG acquired the Frequent Shares for funding functions and will, relying on market and different situations, enhance or lower its helpful possession, management, or course over securities of the Issuer by market transactions, non-public agreements, treasury issuances, train of warrants, or in any other case.
JPG is celebration to a board nomination settlement with the Issuer, Relay Ventures Fund III L.P, Relay Ventures Parallel Fund III, and Jordan Gnat dated Could 31, 2021, pursuant to which JPG has agreed to vote or trigger to be voted all Frequent Shares managed or beneficially owned by it in favour of the director nominees duly nominated by the board of administrators of the Issuer and included within the Issuer’s administration data round in respect of every assembly of the Issuer’s shareholders at which administrators are to be elected.
The Frequent Shares acquired pursuant to the Reverse Takeover had been acquired in reliance upon the enterprise mixture exemption beneath part 2.11 of Nationwide Instrument 45-106 Prospectus and Registration Exemptions.
JPG is wholly-owned by Jordan Gnat, who personally holds 3,000,000 choices of the Issuer.
SOURCE JPG Investments Inc.
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